Julia Roberts will become a face of Lancôme, appearing in ads beginning early next year. Roberts earns up to $20 million per film, and could realize a similar amount from her first major beauty contract; the company won't say. [WWD]

Christian Lacroix has announced that he will not be involved with any of parent company the Falic Group's future projects for his namesake label, which was this week allowed to be reduced to a licensing operation by a Paris bankruptcy court. Lacroix had not been paid by Falic since the fall of 2008. The French minister of industry thinks the closure of the house of Lacroix is a travesty. He is trying to use diplomatic networks to contact the most interested-seeming buyer, an Emirate sheikh, "to alert him of the urgency of the situation." [WWD]

Police acting on a tip raided two Detroit area stores selling counterfeit Gucci, Coach, and Polo clothing and accessories. (One had what it claimed was a $4,000 jacket on sale for $700.) The seized goods would have retailed for about $800,000, had they been genuine. [UPI]

Silvia Fendi — the lady behind the baguette and the spy and the B Fendi bags — designed new guitars for OK Go to take on tour. The tricked-out Gibsons feature white leather, rivets, and goat fur, and, for that extra special touch, a red-and-green LED panel that flashes with the band's lyrics. "Any time an ‘F' appears in their lyrics, it's our double-F logo," says the bag lady. We need a picture of these guitars pronto. [WWD]

Sephora is going to roll out 20 cosmetics vending machines to small J.C. Penney stores that lack full-service Sephora counters. Each machine will offer 50 of the makeup retailer's most popular products. How space-age. [WWD]

Bottega Veneta is getting into the fragrance game. Expect the first perfume to launch in 2011. [WWD]

André Leon Talley re-arranged a trip to China to attend the Alvin Ailey American Dance Theater's opening night. Though in his words he would not presume to dance, Talley did express a willingness to go horse riding, some day: "Because the man and the horse are ballet. The communication between the man and the horse in a race, that's sort of a little dance." [The Cut]

For some reason, it is considered news that Marc Jacobs gave Will Smith a bunch of free clothes to wear during the presentation of the Nobel Prizes in Oslo. You'd almost think Smith was the laureate. [WWD]